Aegis Logistics Ltd is engaged in importing and distributing Liquified Petroleum Gas and storage of chemical products. The company imports and distributes liquid petroleum gas to various industrial customers. The company also engaged in the business of the Gas Terminal Division, and Liquid Terminal Division.

Aegis Logistics Ltd. shares were trading at ₹ 318.10 on Monday, down 4.67% from the previous close price of ₹ 335.05, In contrast to the prior month, shares are down 19.8%. The company has a market capitalization of ₹ 11,165 crores.

As per company financials, their operating revenue increased from ₹ 2,086 crores in Q3 to ₹ 2,154 crores in Q4. Similarly, having a YoY comparison of the metrics, the revenues significantly increased by 86 percent from ₹ 4,630 crores during FY 21-22 to ₹ 8,627 crores in FY 22-23.

The net profits of the company, during the previous quarter, slightly jumped from ₹142 crore in Q3 to ₹ 159 crore in Q4. For YOY comparison, PAT numbers have significantly increased by 33 percent, from ₹384 crores during FY 21-22 to ₹ 510 crores in FY 22-23.

Based the on future outlook for the company, here is the target given by analysts:

UBS Research

The brokerage has given a buy call on Aegis Logistics Ltd. with a target price of ₹ 480. This is an upside of 51%.

The rationale behind this recommendation is 

• The analyst expects that there will be a positive trend in the LPG terminalling volumes in the near term.
• The company has increased the capacity of its LPG and liquids businesses, indicating a significant commitment to handling larger quantities.
• The company has maintained a strong financial position.

According to the latest shareholding pattern, promoters of the company hold a 58.07 percent stake and foreign institutional investors (FII) 18.04 percent stake in the company for FY 22-23.

Written by Omkar C

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